1. MMRV – View current period / Allow posting to previous period

This transaction allows you to view current period and change setting for posting to previous period.

2. MMPV – Close Periods

In MMPV you can execute period closing up to the end of the current fiscal year. The period closing program updates the administration record, thus ensuring that the stock data of the material master are updated.

If, for example, you want to close your periods up to 03/2013, you are not allowed to post values in 01/2013. Therefore, if you still want to make postings in period t, you should execute period closing only for a maximum of t+1 periods.